Credit Suisse moves maturity date to December on 14% reverse convertibles linked to Ford

By E. Janene Geiss

Philadelphia, May 19 - Credit Suisse, Nassau branch changed the maturity date to Dec. 1, 2008 for its 14% annualized reverse convertible securities linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes were initially offered with a maturity date of Nov. 21, 2008.

Interest will be payable monthly.

The payout at maturity will be par unless Ford shares fall by more than 35% to 40% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Ford shares equal to par divided by the initial share price. The exact knock-in level will be determined at pricing.

The notes will price and settle in May.

Credit Suisse Securities (USA) LLC will be the underwriter.

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